Creatd acquires Basis, reports 2021 revenue $6.9M non-GAAP, guides 2022 to $15-20M

Creatd, Inc.

Acquired 100% of Basis, a DTC hydration brand, as third Creatd Ventures acquisition.
Preliminary 2021 non-GAAP revenue $6.9M, GAAP $4.2M, in line with guidance.
2022 guidance: non-GAAP revenue $15-20M, GAAP $8-12M, with Ventures expected ~20% of GAAP revenue.
Raised $2.7M via registered direct offering: ~1.5M shares + warrants at $1.75 per unit.
Company says it has virtually eliminated debt after resolving Seller's Choice note dispute.

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